The world biggest coffee chain, Starbucks Corp, plans to increase its network in China to 3,400 stores over the next five years, which could pose challenges for small, independent coffee stores, industry sources said.
A long-running residential building boom is petering out, with the effects seen from slumping steel and cement prices, to electricity use, rail traffic and retail sales.
China's interest-rate swaps climbed to a three-month high and bonds dropped after a policy change narrowed the pool of corporate debt that can be used as collateral for short-term loans.
Bank of China Group Investment Ltd, an affiliate of State-owned lender Bank of China Ltd, has inked an agreement to acquire office space in a commercial tower in Bryant Park, New York City, sources said on Tuesday.
Alipay, the e-payment arm of China's e-commerce giant Alibaba Group Holding Ltd, rolled out on Tuesday the latest version of its mobile application, which allows iPhone users to make mobile payments with fingerprints rather than passwords.
Automobile parts and accessories sales became the second-fastest growing category among all products sold worldwide during the first half of this year on eBay Inc, the world's leading global e-commerce platform, the company said on Tuesday, which provided a significant boost to producers in China.
Boeing Co's aircraft shipments to China will hit a record of 150 to 160 units this year, compared with the 120 deliveries made in 2013, a top company official said on Tuesday.
A Chinese video website operator is applying for a license to produce electric vehicles in the world's largest auto market, as the government prepares a policy to open auto manufacturing to non-carmakers.
Share prices tumbled the most since 2009 in China amid volatile trading that spurred the benchmark index's biggest swings in five years on Tuesday and sent turnover to a record.
The Obama administration is considering an expansion of duties on Chinese solar products that has triggered complaints from a South Korean parts supplier that says it would be hurt.
The share prices of brokerages listed in Hong Kong and Shanghai fluctuated widely on Tuesday, after hitting record levels on Monday, on profit-taking from the ongoing rally.
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Raymond Zhou
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Chen Weihua
